Elcoo: what changed
Elcoo
Largest movements
- Receivables within one year -€63,484
down €63,484 (-51.3%), from €123,743 to €60,258
of which Trade receivables: -€53,412
- Tangible fixed assets -€21,665
down €21,665 (-27.8%), from €78,070 to €56,404
of which Furniture and vehicles: -€21,739
- Deferred charges and accrued income +€3,031
up €3,031 (+755%), from €402 to €3,433
- Cash +€2,970
up €2,970 (+14.9%), from €19,930 to €22,900
mainly Receivables within one year (+€63,484) and Depreciation (+€22,785)
- Trade debts -€26,432
down €26,432 (-32.3%), from €81,859 to €55,427
- Profit (loss) carried forward -€18,716
down €18,716 (-71.5%), from -€26,165 to -€44,881
- Debts after one year -€11,776
down €11,776 (-26.8%), from €43,910 to €32,133
- Tax, wage and social debts -€11,192
down €11,192 (-57.5%), from €19,465 to €8,272
of which Remuneration and social security: -€10,027
- Other debts -€9,221
down €9,221 (-10.9%), from €84,276 to €75,055
- Gross operating margin -€71,532
down €71,532 (-32.4%), from €220,906 to €149,374
- Staff costs -€43,404
down €43,404 (-23.7%), from €182,975 to €139,571
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €256,718 | €179,815 | -€76,903 | -30.0% |
| Fixed assets | 21/28 | €78,070 | €56,404 | -€21,665 | -27.8% |
| Tangible fixed assets | 22/27 | €78,070 | €56,404 | -€21,665 | -27.8% |
| Land and buildings | 22 | €482 | €452 | -€30 | -6.2% |
| Plant, machinery and equipment | 23 | €2,755 | €2,859 | +€104 | +3.8% |
| Furniture and vehicles | 24 | €74,833 | €53,093 | -€21,739 | -29.1% |
| Current assets | 29/58 | €178,648 | €123,411 | -€55,237 | -30.9% |
| Stocks and contracts in progress | 3 | €34,574 | €36,820 | +€2,246 | +6.5% |
| Stocks | 30/36 | €34,574 | €36,820 | +€2,246 | +6.5% |
| Amounts receivable within one year | 40/41 | €123,743 | €60,258 | -€63,484 | -51.3% |
| Trade receivables | 40 | €109,392 | €55,980 | -€53,412 | -48.8% |
| Other amounts receivable | 41 | €14,351 | €4,279 | -€10,072 | -70.2% |
| Cash at bank and in hand | 54/58 | €19,930 | €22,900 | +€2,970 | +14.9% |
| Deferred charges and accrued income | 490/1 | €402 | €3,433 | +€3,031 | +755% |
| Total equity and liabilities | 10/49 | €256,718 | €179,815 | -€76,903 | -30.0% |
| Equity | 10/15 | €15,688 | -€3,028 | -€18,716 | |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €29,853 | €29,853 | = | 0.0% |
| Distributable reserves | 133 | €29,853 | €29,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,165 | -€44,881 | -€18,716 | -71.5% |
| Amounts payable | 17/49 | €241,030 | €182,843 | -€58,186 | -24.1% |
| Amounts payable after more than one year | 17 | €43,910 | €32,133 | -€11,776 | -26.8% |
| Financial debts | 170/4 | €43,910 | €32,133 | -€11,776 | -26.8% |
| Amounts payable within one year | 42/48 | €197,120 | €150,710 | -€46,410 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €11,520 | €11,956 | +€436 | +3.8% |
| Trade debts | 44 | €81,859 | €55,427 | -€26,432 | -32.3% |
| Suppliers | 440/4 | €81,859 | €55,427 | -€26,432 | -32.3% |
| Taxes, remuneration and social security | 45 | €19,465 | €8,272 | -€11,192 | -57.5% |
| Taxes | 450/3 | €1,324 | €158 | -€1,166 | -88.0% |
| Remuneration and social security | 454/9 | €18,141 | €8,114 | -€10,027 | -55.3% |
| Other amounts payable | 47/48 | €84,276 | €75,055 | -€9,221 | -10.9% |
| Remuneration, social security and pensions | 62 | €182,975 | €139,571 | -€43,404 | -23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,303 | €22,785 | -€518 | -2.2% |
| Other operating charges | 640/8 | €1,098 | €1,690 | +€592 | +53.9% |
| Gross operating margin | 9900 | €220,906 | €149,374 | -€71,532 | -32.4% |
| Operating profit (loss) | 9901 | €13,530 | -€14,672 | -€28,202 | |
| Financial charges | 65/66B | €4,733 | €3,886 | -€847 | -17.9% |
| Recurring financial charges | 65 | €4,733 | €3,886 | -€847 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €8,797 | -€18,558 | -€27,355 | |
| Income taxes | 67/77 | - | €158 | +€158 | |
| Profit (loss) for the period | 9904 | €8,797 | -€18,716 | -€27,513 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,797 | -€18,716 | -€27,513 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.